Welcome to our dedicated page for American Natl Bankshares news (Ticker: AMNB), a resource for investors and traders seeking the latest updates and insights on American Natl Bankshares stock.
American National Bankshares Inc. (NASDAQ: AMNB) provides essential financial services through its community-focused banking network across Virginia and North Carolina. This page serves as the definitive source for corporate news, offering timely updates on strategic developments, financial performance, and operational milestones.
Investors and stakeholders will find detailed coverage of earnings reports, merger progress with Atlantic Union Bankshares, and dividend declarations. Our repository includes press releases on wealth management growth, market expansion initiatives, and community impact programs that reflect AMNB's 115-year legacy.
Key updates feature analysis of balance sheet strength, trust asset management achievements, and regulatory developments. Bookmark this page to monitor how AMNB's $3.1 billion asset base supports its role as a regional banking leader while maintaining personalized customer relationships.
Check back regularly for verified updates on the pending combination with Atlantic Union and other strategic initiatives that shape AMNB's position in the evolving financial landscape.
American National Bankshares announced a $10 million stock repurchase program authorized by its Board of Directors, effective through December 31, 2023. The program allows for the buyback of common stock through open market purchases or privately negotiated transactions, depending on market conditions. This initiative aims to enhance shareholder value and may impact earnings per share. American National, headquartered in Danville, Virginia, has total assets of approximately $3.0 billion and operates 26 banking offices across Virginia and North Carolina.
American National Bankshares Inc. (NASDAQ: AMNB) reported fourth quarter 2022 earnings of $8 million, or $0.76 per diluted share, down from $11.3 million, or $1.05 per diluted share in Q4 2021. Annual earnings for 2022 totaled $34.4 million, or $3.23 per share, compared to $43.5 million, or $4.00 per share in 2021. Loan growth remained strong at 20.3% annualized, while noninterest income decreased by 24.2%. The company recognized a provision for loan losses of $1.2 million. Net interest margin improved to 3.33%. Total assets at December 31, 2022, were $3.1 billion, reflecting a decrease of $268.7 million from the previous year.
American National Bankshares announces the passing of director Charles Somerville Harris, who died unexpectedly on December 7, 2022. A board member since 2008, Harris contributed significantly to the company, participating in various committees including Audit and Risk. CEO Jeffrey V. Haley expressed deep sorrow over the loss, highlighting Harris's commitment and impact on the bank. Harris had a notable career at Averett University, retiring in 2021. American National, based in Danville, Virginia, holds approximately $3.0 billion in assets and operates 26 offices in Virginia and North Carolina.
American National Bankshares (NASDAQ: AMNB) declared a quarterly cash dividend of $0.30 per share, payable on December 16, 2022, to shareholders on record as of December 2, 2022. This represents a $0.02 or 7.1% increase from the previous quarter's dividend, showcasing strong financial performance. The dividend yield stands at approximately 3.1% based on the closing price of $38.17 on November 15, 2022. The bank, with total assets of around $3.0 billion, continues to serve Virginia and North Carolina through its network of 26 banking offices.
American National Bankshares (NASDAQ: AMNB) reported third quarter 2022 earnings of $9.3 million, or $0.87 per diluted share, a decrease from $10.2 million, or $0.94 per share, in Q3 2021. Earnings for the nine months ending September 30, 2022, totaled $26.4 million, down from $32.2 million in 2021. Net interest income rose 11.7% quarter-over-quarter, driven by loan growth, achieving a margin of 3.20%. However, noninterest revenue fell 1.6% sequentially, and expenses increased 6.4%. The asset quality remains strong, with nonperforming assets at 0.05% of total assets.
American National Bankshares has appointed J. Nathan Duggins III and William J. Farrell II to its board, enhancing its leadership and strategic succession planning. Duggins, managing partner at Tuggle Duggins, brings expertise in corporate law and finance, while Farrell, president of Berglund Automotive Group, offers extensive experience in operations and community banking. Both appointees are active in their communities, reinforcing the bank's commitment to local engagement. American National, holding approximately $3 billion in assets, aims to leverage their expertise to strengthen its presence in Virginia and North Carolina.
American National Bankshares reported Q2 2022 earnings of $8.1 million, or $0.76 per diluted share, down from $10.8 million a year earlier. Year-to-date earnings totaled $17.1 million, down 22.6% from $22.1 million in 2021. Net interest income increased by 5.1% quarter-over-quarter to $21.5 million but decreased 1.3% year-over-year. Noninterest income fell 13.6% from Q1 2022, mainly due to lower mortgage banking revenues. The company remains well-capitalized with a tangible common equity ratio of 7.58%. Asset quality improved with nonperforming assets at 0.05% of total assets.
American National Bankshares Inc. (NASDAQ: AMNB) has declared a quarterly cash dividend of $0.28 per common share, payable on September 16, 2022 to shareholders of record by September 2, 2022. This dividend maintains the same amount as the prior quarter, yielding approximately 3.1% based on a closing stock price of $35.60 as of July 19, 2022. The bank, headquartered in Danville, Virginia, manages around $3.3 billion in total assets and serves Virginia and North Carolina with 26 banking offices.
American National Bankshares Inc. (NASDAQ: AMNB) has declared a quarterly cash dividend of $0.28 per common share, payable on June 17, 2022, to shareholders on record as of June 3, 2022. This dividend matches the previous quarter's amount, with a yield of approximately 3.2% based on the stock's closing price of $34.52 on May 16, 2022. The company, headquartered in Danville, Virginia, boasts total assets of about $3.3 billion and operates a community bank serving Virginia and North Carolina, managing additional $1.1 billion in wealth management assets.
American National Bankshares reported Q1 2022 earnings of $9.0 million ($0.84 per diluted share), down from $11.3 million in Q1 2021. Key highlights include a 9.5% increase in average loans held for investment and a 14.14% return on average tangible common equity. However, net interest income decreased by 11.5% quarter-over-quarter to $20.5 million, attributed to lower PPP income. Nonperforming assets fell to 0.06% of total assets. Despite regulatory concerns regarding inflation and loan production pressures, the company remains optimistic about customer support and market performance.
